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We have lots more plain English analysis of Baroness Drake’s voting record on issues like health, welfare, taxation and more. Visit Baroness Drake’s full vote analysis page for more.
My Lords, I welcome these regulations, because they give the PPF the ability to exercise creditor rights across the full range of employers in moratoriums and restructuring plans where there is a PPF-eligible DB pension scheme. There have not yet been any cases where a moratorium has been implemented for a business with an eligible scheme, so we have no case studies to judge how these...
My Lords, even where a key risk to their savings is identified and information and red-flag warnings are given to the individual, they can still transfer their pension, and too many do, regardless. Pension providers and trustees have few, if any, powers to stop this. Will the Government extend the powers of the regulator to allow an override of the individual’s statutory right to transfer...
My Lords, I speak in support of Amendment 71. Given the hour, the noble Baroness, Lady Bowles of Berkhamsted, with her usual skill, has captured the issues clearly and succinctly. It is clear that there is genuine concern among those running DB schemes which are materially open to new members with strong employers, such as the sections of the Railways Pension Scheme and the Universities...
Entered the House of Lords on 5 July 2010
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